Replies to post #94382 on SPDR S&P 500 (SPY)

[youaretheone]

i agree with you that a bounce is in order...but we all thought that 1083 was going to hold yesterday, and 1090 was going to hold the other day too...there is lot's of pos div to get the shorts to cover here...it should be short lived and shallow...oex has to close week below 511 to stay in the bear camp and daily 506.50...so, let's see what happens in the next 2 hours...

[Fox13]

Yep, 2bit! We might have finished first impulsive wave 1 down. But the next wave 2 up is “corrective” and could be short and sluggish.